VOL. XLIV

No 36

3-September-2001

CASPIAN

ExxonMobil Spuds Exploration Well In Offshore Nakhchivan Concession

Exxon Azerbaijan OperatingCompany (EAOC), a subsidiary of ExxonMobil, announced on 22 August that it hadstarted drilling its first exploration well in the offshore Nakhchivanconcession using the semi-submersible Istiglal rig. The well, identified asNachchivan #1, is located in the northern portion of the concession some 100kmsouth of Baku and 45km east of the shoreline in 142ms of water....